Answer:
The GDP will increase by $2,000 as a result of these transactions
Explanation:
When trying to calculate the increase in GDP caused by a series of transactions, we do not add all the transactions, instead we look at the price of the final good and that is the increase in GDP. In this case the final good is the necklace that the store department sells for $2,000 therefore we will only consider the final transaction. So the GDP will increase by $2,000 as a result of this series of transactions because the final good sold for $2,000.
Answer:
Correct option is E.
<u>14 pesos per dollar</u>
Explanation:
The exchange rate between Mexican pesos and dollars was 13.5 pesos per dollar.
According to the relative Purchasing Power Parity (PPP), the exchange rate was in equilibrium. But now,
Mexican inflation = 10%
U.S inflation = 3%
Now the Mexican peso is overvalued by = 10% - 3% = 7%
So, the possible increase in exchange rate (of pesos per dollar) considered with this assertion is = Exchange rate of pesos per dollar * Inflation rate
= 13.5 * 7%
= 13.5 * 7/100
= 0.945
The possible in exchange rate = Previous Exchange rate + Increase in exchange rate
= 13.5 + 0.945
= 14.445
= 14.4 (rounding off)
=14
Answer:
The total medical expenses deductible before the 10% limitation is 2090
Explanation:
Solution
Recall that:
The Total expenses included is stated as follows:
Th Hotel room is = $150 * two rooms * three nights
Mileage of = $900,
Miles = 1000
Doctor's bill ins an Francisco = 1,600
Now,
To next step is to find the total medical expenses deductible before the 10% limitation is given as follows:
Doctor's bill = 1,600
The total expenses i hotel room is calculated as :150 * 1 *3 = 450
So,
The total = 1600 + 450 = 2050
It is also important to know that only 10% of the expense stay for the accompanied person is permitted
Therefore,
450*10% =45
Total 2050+45 = 2090
Answer:
E. efficiency wages
Explanation:
Clearly this isn't a discrimination case, as Rob has a robust background with the company (15 years). Although their work output may be the same, Rob's experience justifies the higher pay.
This is one form of efficiency wage theory, holding that higher wages lead to increased employee productivity. This way, Rob gets an incentive for staying with the company.
The demand for air travel between two cities doubles. The elasticity of the supply of air travel between these cities will <span>become more elastic, the longer the time since demand doubled</span>. Elasticity is the responsiveness between supply or demand when nothing changes but the price. In this situation, the demand for air travel between two citifies doubled, so, the traveling is elastic because even though the demand rose, so did the price, but the demand didn't start to drop.
